Wynn Resorts, Limited Plans Quarterly Dividend of $0.50 (WYNN)

Wynn Resorts, Limited (NASDAQ:WYNN) announced a quarterly dividend on Monday, January 22nd, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.50 per share by the casino operator on Tuesday, February 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.11%.

Wynn Resorts (NASDAQ WYNN) traded up $4.16 on Monday, hitting $179.64. 1,840,700 shares of the company were exchanged, compared to its average volume of 2,460,092. The company has a debt-to-equity ratio of 24.54, a quick ratio of 1.68 and a current ratio of 1.72. The company has a market capitalization of $19,240.00, a P/E ratio of 49.76 and a beta of 1.73. Wynn Resorts has a twelve month low of $90.78 and a twelve month high of $179.86.

Wynn Resorts (NASDAQ:WYNN) last posted its quarterly earnings results on Thursday, October 26th. The casino operator reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.24. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Wynn Resorts had a net margin of 6.24% and a return on equity of 132.96%. Wynn Resorts’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. equities analysts anticipate that Wynn Resorts will post 5.38 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on WYNN. Zacks Investment Research upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a report on Tuesday, September 26th. UBS Group restated a “buy” rating and set a $174.00 price objective (up previously from $149.00) on shares of Wynn Resorts in a report on Friday, September 29th. Telsey Advisory Group restated a “market perform” rating and set a $157.00 price objective (up previously from $150.00) on shares of Wynn Resorts in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $134.00 price objective on shares of Wynn Resorts in a report on Thursday, October 12th. Finally, Morgan Stanley restated a “hold” rating and set a $151.00 price objective (down previously from $158.00) on shares of Wynn Resorts in a report on Thursday, October 12th. Eleven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $154.63.

In other news, President Matt Maddox sold 59,260 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $155.12, for a total value of $9,192,411.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alvin V. Shoemaker sold 15,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $151.74, for a total transaction of $2,276,100.00. Following the transaction, the director now owns 19,162 shares of the company’s stock, valued at approximately $2,907,641.88. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $14,629,975 in the last quarter. Corporate insiders own 13.20% of the company’s stock.

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About Wynn Resorts

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Dividend History for Wynn Resorts (NASDAQ:WYNN)

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